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NJ gambling revenue continues to rise in May despite land-based declines


Gambling revenue in New Jersey increased month-on-month and year-on-year during May despite the state’s land-based market experiencing further declines.

Total revenue for the month amounted to $470.9m, which was 9.4% ahead of $430.6m in May 2022 and 1.8% higher than $462.7m in April of this year.

Land-based gambling remained the primary source of revenue at $227.3m, but this was down 2.4% from $227.3m last year.

Within the retail sector, slots revenue slipped 0.8% to $172.9m, while table games revenue also fell 7.3% to $54.4m.

In terms of internet gambling, revenue increased by 18.7% year-on-year to $161.4m. Online slots revenue jumped 19.0% to $159.1m, while peer-to-peer poker also edged up 1.7% to $2.4m.

The Borgata retained top spot in this segment with $44.0m in revenue, narrowly ahead of Golden Nugget on $43.5m. Resorts Digital rounded off the top three with $41.7m worth of igaming revenue.

Turning to sports betting, revenue hiked 33.4% year-on-year to $82.2m. Handle was 10.0% higher at $778.9m, with players spending $741.1m online and $37.8m at retail sportsbooks.

Meadowlands and its FanDuel skin remained the runaway market leader with $43.9m in sports betting revenue. Resorts Digital and DraftKings followed in a distant second with $19.0m, then Borgata and BetMGM with $6.8m.

Year to date

For the calendar year to date, gambling revenue in New Jersey for the five months to the end of April hit $2.27bn. This was 11.7% more than at the same point last year.

Land-based casino revenue was up 3.1% to $114.1m, with slot revenue rising by 3.7% to $818.5m and table games revenue 1.3% to $295.6m.

Online gambling revenue increased 14.7%, with slots revenue 14.9% higher at $769.4m and poker revenue 2.2% up to £12.1m.

Sports betting revenue also jumped 39.0% to $374.5m for the five-month period.